New Zealand Insurance Report Q4 2016

Date: August 24, 2016
Pages: 49
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: New Zealand's insurance sector is relatively small by global standards and subdued domestic economic conditions, paired with the weakening of the New Zealand dollar, means that life and non-life premiums growth (in USD terms) will only resume from 2018 onwards. Long-term growth will be driven in particular by the growing consumer awareness of benefits of life products, as well rising household disposable incomes. Across the non-life lines, demand for property and motor products should continue to remain high.

Key Updates And Forecasts
  • The depreciating New Zealand dollar continues to put a lid on the growth potential of both the life and non-life insurance segments. Accordingly, our forecasts envision dollar contractions over 2016 and 2017.
  • With 30% market share, New Zealand's life insurance segment is relatively young and underdeveloped; however, it does offer potential - growing at 4.8% annually on average in line with GDP. Life premiums should rise from NZD2.5bn in 2016 to NZD3.0bn in 2020.
  • The considerably larger and well-developed non-life segment is set to grow annually by approximately 3.5% over the coming five years, with gross premiums expected to rise from NZD5.6bn in 2016 to NZD6.5bn in 2020.
BMI Industry View
  Table: Headline Insurance Forecasts (New Zealand 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (New Zealand 2013-2020)
  Table: Life Insurance Claims (New Zealand 2008-2015)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (New Zealand 2013-2020)
  Table: Non-Life Insurance Claims (New Zealand 2009-2015)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (New Zealand 2013-2020)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
  Table: Asia Pacific Insurance Risk/Reward Index Q416
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Company Profile
AMP Limited
Insurance Australia Group
Suncorp Group


Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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New Zealand Insurance Report Q1 2016 US$ 1,295.00 Oct, 2015 · 49 pages
New Zealand Insurance Report Q2 2016 US$ 1,295.00 Jan, 2016 · 50 pages
New Zealand Insurance Report Q3 2016 US$ 1,295.00 Apr, 2016 · 49 pages
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